Fashion Landscape Alters: Tapestry to Acquire Capri Holdings for $8.5 Billion, Forging a Dynamic Luxury Conglomerate

August 11, 2023 : In an epoch-defining transaction, the fashion realm witnesses a seismic shift as Tapestry, the distinguished parent company of Coach, Kate Spade, and Stuart Weitzman, embarks on an audacious acquisition endeavor to envelop the vast expanse of Capri Holdings. This $8.5 billion megadeal unites iconic fashion empires under a singular banner, orchestrating an unprecedented consolidation of luxury powerhouses.